A Critical Study of COVID-19 Impact on Indian Banking Sector

Author: al, R.C. & Kumar, Arun

Abstract:
Global COVID-19 pandemic ravaged the worlds economy, causing it to collapse. No country was spared its effects, whether it is a developing nation, an underdeveloped nation, or the worlds most powerful economy. The COVID-19 pandemic has had a devastating effect on all businesses. The entire industry has been affected by COVID-19. As a result, the market is in a horrible place. Even the financial business has been affected by this. The spread of COVID-19 has posed a serious problem for the Indian financial sector. Many aspects of the banking industry have been affected by the Naval Corona virus, from business continuousness and functioning concerns to the complete financial attitude. NPAs, demand for loans, and profitability were all affected by the rise in NPAs in Indian banks. The majority of industries and markets were shut down as a result of the country-wide lockdown. We didnt have any money coming in, and our bills were going up. As a result, the general public demanded loans and was unable to pay them back. So, a liquidity crisis was born. The RBI and the Indian government have taken many actions to alleviate the COVID-19 pandemic crisis. Due to COVID-19, this study aims to investigates the relationship among NPAs, Advances, and Profitability, as well as the impact of RBI and government initiatives on Indian banking. We have an analytical analysis of both public and private banks in order to accomplish this aim. Out of these two public banks which are Union Bank of India, Indian Bank and two private banks which are IndusInd Bank, RBL Bank Ltd. Bank for consecutive 5 previous years. Statistical methods were used to conduct an analysis on the data in order to investigate the influence that NPAs and net advances had on COVID19. It also analyzes the impact of the banks profitability

Keywords: Non Performing Assets (NPAs), Pandemics, Reserve Bank of India (RBI), Covid-19, Corona Virus.

DOI:

International Journal of Trade & Commerce (Vol: 11 Issue:1)